Altus Power (NYSE: AMPS), a Stamford-headquartered commercial-scale provider of clean electric power, has acquired the core business of Unico Solar Investors.
Under the terms of the acquisition, Altus will acquire Unico Solar’s development platform, pipeline and senior leadership team as well as new offices in Denver and Seattle. The financial aspects of the transaction were not disclosed.
“In a market where others are scaling back and reducing footprint, Altus Power is adding significant local coverage to be closer to our nationwide real estate partners and enterprise customers,” said Gregg Felton, co-CEO, Altus Power. “The Unico Team brings deep experience developing customer relationships, particularly in the west, and now with access to our portfolio and brand, these team members will have greater resources to accelerate the flow of our pipeline.”
“Unico Solar has built a dynamic solar development platform centered on overcoming customer adoption barriers for commercial rooftop and community solar projects, largely in the western U.S.,” added Brett Phillips, co-founder and vice president of Unico Solar. “Joining forces with Altus Power brings together market leaders in the commercial and industrial solar energy vertical that will supercharge project development for real estate owners and users on a national scale.”